Top U.S. asset manager Vanguard doesn’t expect the Federal Reserve to cut interest rates this year, defying the view from Fed officials that rates will be reduced three times in 2024.
Vanguard isn’t alone in predicting zero rate cuts this year.
Sycamore Tree Capital Partners’ Mark Okada told CNBC last week that there’s a “good chance” the U.S. central bank doesn’t cut in 2024.